BENKI KUU YA TANZANIA BANK OF TANZANIA

16 Barabara ya Jakaya Kikwete 16 Jakaya Kikwete Road

S. L. P. 2303 P.O. Box 2303
40184 DODOMA 40184 DODOMA
TANZANIA TANZANIA

Simu: +255 22 223 3167 Phone: +255 22 223 3167

Barua Pepe: botcommunications@bot.go.tz Email: botcommunications@bot.go.tz

14th March 2023

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NOTICE TO THE PUBLIC Fax No. 2234217

BANK OF TANZANIA EXTENDS STATUTORY ADMINISTRATION OF YETU

MICROFINANCE BANK PLC

As may be recalled, in exercising of its powers under Section 56(1) (g)(iii) of the
Banking and Financial Institutions Act, 2006, the Bank of Tanzania took
administration of Yetu Microfinance Bank Plc effectively from 12 th December
2022 following determination that the bank had critical liquidity and capital
problems.

Following the takeover, Bank of Tanzania suspended normal business operations

of Yetu Microfinance Bank Plc for a period of ninety days to allow the Bank to
determine appropriate resolution option. Accordingly, Bank of Tanzania wishes to
inform the public that the process of determining resolution option has not been
completed thus extends administration of the bank for a period of thirty (30) days
effective 12th March 2023.

The Bank of Tanzania assures the public that it will continue to protect the
interests of depositors and maintain stability of the banking sector.

GOVERNOR
BANK OF TANZANIA